Proceedings of the 2025 5th International Conference on Informatization Economic Development and Management (IEDM 2025)

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Why There is the Imbalance Income Distribution in the NFT Markets? An Evolutionary Game Study

Authors
Hemiao Gao1, *
1Business School, Shandong Normal University, Jinan, Shandong, 250014, China
*Corresponding author. Email: ghemiao@163.com
Corresponding Author
Hemiao Gao
Available Online 26 May 2025.
DOI
10.2991/978-94-6463-724-3_30How to use a DOI?
Keywords
Non-fungible tokens; Network externality; Platform economy
Abstract

Imbalance income distribution is the important problem disturbing NFT markets, this paper applies an evolutionary game model and network externality theory to discuss why there is the huge differentiation of price and demand between NFTs. By constructing the three-sided model, this paper conducts the simulation analysis, then gives the explanation for the imbalance distribution. Firstly, the network externality increases the utility of the earlier and famous NFTs, and buyers have limited attention on the NFTs’ value, so the buyers prefer the earlier and famous NFTs rather than non-famous or new NFTs. Secondly, network externality increases the buyers’ demand for earlier and famous NFTs, so they can keep a high price. Thirdly, Expansion of market size makes the non-famous and new NFTs keep a low price. this paper makes several contributions: firstly, it explores the unequal distribution in NFTs markets, filling a gap in existing research, which focuses on copyright-related problems. Secondly, it applies the theory of network externality and evolutionary game model, providing a new idea to explore the distribution of profits in NFT markets.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 5th International Conference on Informatization Economic Development and Management (IEDM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
26 May 2025
ISBN
978-94-6463-724-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-724-3_30How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Hemiao Gao
PY  - 2025
DA  - 2025/05/26
TI  - Why There is the Imbalance Income Distribution in the NFT Markets? An Evolutionary Game Study
BT  - Proceedings of the 2025 5th International Conference on Informatization Economic Development and Management (IEDM 2025)
PB  - Atlantis Press
SP  - 304
EP  - 310
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-724-3_30
DO  - 10.2991/978-94-6463-724-3_30
ID  - Gao2025
ER  -